Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-11-17
THE R., +. & P. R. R. co.
ANNUAL MEETING OF STOCKHOLDERS
HELD YESTERDAY.
The Roports Of President Brinton and
other Officers bdopted-All
Ciioers Ro-Slected

ana IolomhC RaiirOad Company WAS
held yesterday at u O'Clock VI. in the
Byrd-Strcct station. President J. p.
, Brinton called the meeting to order, ana
on his motion Mr.. Edward J. Cannon
occupied the chair, with j. Is. Winston,
Esq, as secretary
The following stockholders were pres
ent. representing in person and by proxy
J,6Jl votes ont of the whole number of
6,f92 DIR, John IL. Baylor, Major Fred.
Is. scott. Major James II. DOolcy, DIR.
l.. B. Anderson, DR.. +. T. Willis, MCssrs.
John l.. Williams, ". H. Haxall, Charles
Ellis, +. Y. Cannon, Moncure Robinson.
Jr., Of Philadelphia Proxies for the
state Of Virginia: Colonel Hillary j.
Jones Of Hanover; Mcssrs. j. II. Kelly.
of Frederick burg ; George \. Haynes
of Richmond, and j. NJ. Hudgins, Of
Caroline
PRESIDENTS REPORT.
The report Of President Brinton and
the Board OF Directors, showing the
compauys operations for the fiscal year
ending September 30, 1887, was read and
adopted. It says:
Income from transportation, $780,
SJt.67; income from sleeping cars
$3.50 income fromlcnts, ; ,Z92. G3 ; 10.
tai income, S537, ,522.30 expenses oftrans-
por1tion, S2S3, ,SSGl7; net earnings,
>l1o,3 1856. -; deduct interest on bonds
and dividends on guaranteed stock, $50,
2693S; net profit, $40, 0,336.75. Out of
this profit dividend of 3 per cent. was
paid 10 common stockholders on July
lst, 1887, and the board proposes TO pay
ON January ], 1883. II dividend Of
49, per cent. additional. Some F.
timing more than sufficient to pay
this amount of dividend has been earn
ed, bat we must bear in mind the fact
that the year inst closed has been an I
unusually prosperous one, and that the /
/ expenses OF the coming year will be in /
creased by the necessity of adding .
three new engines and some addi- +
tional cars TO the equipment of the .
road. Since the last annual report the .
new station and offices now occupied 10y
the company ut Byrd street have
been completed The structure is a
model of convenience, and Is built .
+ throughout i'm the most substantial
manner To the skilful supervision and .
vigilance of the general superintendent
Major Myers, who carefully looked after
every detail of the construction without
additional compensation, the company is
greatly indebted. The total cost Of the
one-half interest owned 10y your com
pqny is SJl.3l3.9I This has been paid .
without adding to the debt of the com
pany partly out of earnings and partly
10y the sa'c Of the old depot and offices
on Broad street. The Broad-strcct pro-
perty was sold forSj6. 1904. The COM
pnny has also sold during the year ten
building lots in the borough Of Ashland
for Si,974
OTHER REPORTS.
Accompanying the report Of the prcsi-
dent were those of General-Suporintend-
cnt 4. f.. -. Myers and Treasurer j. j.
Winston, both of which were adopted.
The former gives the same statistics
found in the presidents report, with adj
diioual details and statistics Of interest
only TO the Stockholders. ia it he says
The track and structures have received
their fuil share of attention. 4 he freight
dcuots are IN good order, that at Fred
oricksburg having been remodelled and
enlarged At the same place n suitable
passenger station is to be erected during
the neat season. some Of the materials
having been provided during this.
The Byrd-Strcct station was opened
April TO- 1857. The company's eXpendi-
ture upon it and it, adjuncts amounts,
exclusive Of the cost of ground and
privileges. TO SGl, f52.5I, of which S23,
~. u has been paid this year.
The maintenance of SO extensive an
establishment is necessarily more costly
than that Of the former meagre and un-
worthy arrangements. Care Is, how
ever, taken to exercise proper economy
i'll tins respect
The company has thirteen engines, of
which one is under repairs and two
others need slight repairs, sixteen pas
seng.r cars. two postal cars. seven eX-
press and baggage cars, ten caboose
cars, fifty box cars, forty-seyen flat cars,
one coal-hoppcr car, and eighteen ma
terial cars.
CONDITON OF THE ROAD.
The Examining Committee made the
following report
Your committee respectfully report
that on the 9th of November, 1887, they
proceeded to make the annual inspection
Of the road as required by the bylaws
of the company. They inspected the en-
tire line as carefully as 1t was possible
for them to do and report that they
found the road-bed, blidges, depots,
shops, ears, &c, in good condition and
efficient working order. No changes
have taken place since our last annual re
port that We observed. except that the
depot at fredericksburg has been con
sidcrably enlarged and improved. Two
very hapdsome and well-eQuipped pas
scucer.cars have been added to the
rolllng-stock of the road, and the whole
property bears evidence OF good manage
mcnt
OFFICERS REFLECTED.
President Brinton and the following
gentlemen, constituting the old Board OF
Directors. were all reelected On the
part of the individual stockhodcrs-
Messrs. B. +. Newcomer, W. T. Walters,
". Robinson, Jr., and William II. White.
Dr. j. B. Anderson was announced rs
director ON the part OF the State.
CHANGES PROPOSED.
Colonel Jones offered a resolution pc
ttiouiug the Legislature to so amend the
charter of the company as to give a
vote b each share OF stock.
Major Dooley proposed an amendment,
and the entire matter was laid on the
table.
Nr White moved 10 amend theseventh
bylaw, so as to give the Board of Di-
rectors power TO call meetings at such
time and place as the business of the
company may require, instead OF being
required to meet once month as the
bylaw required them TO do.
After being so amended as TO require
the meetings to be held at the principal
Office Of the company in this city the
motion prevailed.
Adjourned.
she suit Against Nr. Mc6eOrge.
The article N the DiSpafch yesterday